Daimler sees low 2004 profit impact from strong euro

Newswire

FRANKFURT, July 24 (Reuters) - The finance chief of German automaker DaimlerChrysler said on Thursday he expected little impact from a strong euro on the group's earnings in 2004.
"We expect only a limited impact on 2004 earnings from a stronger euro," said Chief Financial Officer Manfred Gentz told a conference call.
He said the company's exposure to the U.S. dollar, British pound and Japanese yen was about 90 percent hedged for 2003 and said a "substantial part" of its exposure was ...

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